SAN ANTONIO -

The "For Sale" sign is freshly planted in Carl Flynn's front yard. He's optimistic he'll find a buyer for his two-story Oak Meadows neighborhood home.

"The house down the street sold in ... six days," he said.

His neighbor Mary Holt is house-hunting, too.

"Houses sell quick here," she said. "I'm looking."

Sales of pre-owned homes are on a summer hot streak.

In July, 2,430 homes sold, for a sizzling 27 percent increase over last July, according to the San Antonio Board of Realtors.

"(In) July, we had the best sales in the last five years for that month," said Steven Gragg, SABOR chairman.

Those homes fetched higher prices, too.

The median price was $178,000, compared to last July's $164,700.

"I think when buyers saw the interest rates bump up  a bit, it made them realize this is the time to buy," Gragg said.

Rising rates can motivate buyers to get the most house for their buck.

A $150,000 loan at the current 4.4 percent means a monthly payment of $751. If rates hit 5 percent, that same loan would be $805 a month.

Gragg expects sales to slow as families settle into school and fall routines.

For a list of recent stories Marilyn Moritz has done, click here.